Trusts are powerful yet often misunderstood tools in wealth management and tax planning.
At Gaddu and Hall, we demystify trusts, stripping away the complex jargon to help you understand their benefits and how they can be used to protect your wealth.
Our approach involves advising on the most suitable type of trust for your specific circumstances and family needs. Trusts offer a way to control and manage your wealth for the future, aligning with your long-term goals and wishes.
Key Advantages of Using Trusts:
- Mitigate Inheritance Tax: Trusts can help reduce your Inheritance Tax bill, providing a mechanism to control how assets are used by future generations.
- Protect Assets Outside of Survivor’s Estate: Trusts can ensure certain sums are kept outside of your survivor’s estate, avoiding additional IHT.
- Safeguard Legacy from Marital Disputes: Trusts can protect your children or grandchildren’s inheritance in cases of remarriage or their own marital disputes.
- Control Over Asset Distribution: Trusts allow you to prevent the unwary spending or squandering of assets by younger family members.
In addition to establishing trusts, we at Gaddu and Hall also provide comprehensive support with all compliance aspects. This includes the legal requirements for registering certain types of trusts with HMRC and advice on the taxation of trusts.
By choosing Gaddu and Hall for your trust planning, you’re ensuring that your assets are managed wisely and in accordance with your wishes, both now and for generations to come.